Password alert
Do you use the same password for different accounts? If you do, several stories this week demonstrate why now really is the time to stop. First, banking group, HSBC, announced sensitive information about some of its US customers was hacked in October. Second, comes an outbreak of Twitter and Instagram hijacking, where criminals seize control of accounts to earn advertising revenue. In both cases, the most likely cause is a practice known as 'credential stuffing' where usernames and passwords stolen in previous data breaches are tested against services until a working combination is found. The success of this method depends on people's obdurate refusal to stop reusing passwords. A new survey of US consumers found 49% of them believed their security habits made them vulnerable to information fraud or identity theft; a correct belief given that 51% said they reused passwords and PINs across multiple accounts. Now is the time to get a Password Manager; we have more details here.